RM8U.DE vs. G2X.DE
RM8U.DE (HANetf The Royal Mint Responsibly Sourced Physical Gold ETC) and G2X.DE (VanEck Gold Miners UCITS ETF) are both Precious Metals funds - RM8U.DE tracks the Gold while G2X.DE tracks the NYSE Arca Gold Miners. Both are passively managed. Over the past 5 years, RM8U.DE returned 19.57%/yr vs 20.05%/yr for G2X.DE. A 0.73 correlation means they provide meaningful diversification when combined. RM8U.DE charges 0.22%/yr vs 0.53%/yr for G2X.DE.
Performance
RM8U.DE vs. G2X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, RM8U.DE achieves a 2.70% return, which is significantly higher than G2X.DE's -1.03% return.
RM8U.DE
- 1D
- 0.59%
- 1M
- -3.60%
- YTD
- 2.70%
- 6M
- 6.12%
- 1Y
- 30.96%
- 3Y*
- 27.86%
- 5Y*
- 19.57%
- 10Y*
- —
G2X.DE
- 1D
- 1.09%
- 1M
- -5.12%
- YTD
- -1.03%
- 6M
- 7.25%
- 1Y
- 61.18%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
RM8U.DE vs. G2X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RM8U.DE HANetf The Royal Mint Responsibly Sourced Physical Gold ETC | 2.70% | 48.89% | 34.03% | 9.20% | 6.98% | 3.69% | 4.48% |
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 21.75% |
Correlation
The correlation between RM8U.DE and G2X.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.73 |
The correlation between RM8U.DE and G2X.DE has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
RM8U.DE vs. G2X.DE — Risk / Return Rank
RM8U.DE
G2X.DE
RM8U.DE vs. G2X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.DE) and VanEck Gold Miners UCITS ETF (G2X.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| RM8U.DE | G2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.18 | -0.37 |
| Martin ratioReturn relative to average drawdown | 4.58 | 5.49 | -0.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RM8U.DE | G2X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.42 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.60 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.44 | +0.57 |
Drawdowns
RM8U.DE vs. G2X.DE - Drawdown Comparison
The maximum RM8U.DE drawdown since its inception was -18.51%, smaller than the maximum G2X.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for RM8U.DE and G2X.DE.
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Drawdown Indicators
| RM8U.DE | G2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.51% | -46.04% | +27.53% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -27.90% | +11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -27.90% | +11.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -38.55% | +22.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -15.01% | -23.34% | +8.33% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -19.92% | +13.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 11.09% | -4.54% |
Volatility
RM8U.DE vs. G2X.DE - Volatility Comparison
The current volatility for HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.DE) is 5.04%, while VanEck Gold Miners UCITS ETF (G2X.DE) has a volatility of 13.57%. This indicates that RM8U.DE experiences smaller price fluctuations and is considered to be less risky than G2X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RM8U.DE | G2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 13.57% | -8.53% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 34.36% | -14.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 42.64% | -19.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 33.16% | -17.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 32.33% | -16.16% |
RM8U.DE vs. G2X.DE - Expense Ratio Comparison
RM8U.DE has a 0.22% expense ratio, which is lower than G2X.DE's 0.53% expense ratio.
Dividends
RM8U.DE vs. G2X.DE - Dividend Comparison
Neither RM8U.DE nor G2X.DE has paid dividends to shareholders.
Frequently Asked Questions
RM8U.DE and G2X.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RM8U.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RM8U.DE is cheaper with a 0.22% expense ratio, compared with 0.53% for G2X.DE.
RM8U.DE tracks Gold, while G2X.DE tracks NYSE Arca Gold Miners. They also come from different issuers: HANetf and VanEck. Their fees differ too: 0.22% for RM8U.DE and 0.53% for G2X.DE.
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